SPNEC breaks ground for world’s largest solar projectMANILA, Philippines — SP New Energy Corp. (SPNEC) has broken ground for the Terra Solar development in Nueva Ecija and Bulacan, touted as the world’s largest solar project. The Terra Solar project will consist of 3,500 megawatts of solar panels and 4,000 megawatt-hours (MWh) of battery storage, with an estimated cost of P200 billion. The project will be larger than India’s Bhadla Solar Park and China’s Golmud Solar Park, currently the world’s largest solar farms at over 2.2 gigawatts (GW). The Terra Solar project will be owned through SPNEC’s 100 percent-owned subsidiary, Terra Solar Philippines Inc.SPNEC said accelerated work on the project comes with the completion of the P15.9-billion investment of MGen Renewable Energy Inc. (MGreen) in the company last Dec. 27. Proceeds of the MGreen investment will be used primarily for the 3,500-MW solar and 4,000-MWh battery project.

Source: Philippine Star January 02, 2024 00:56 UTC